Similar to other cryptocurrencies running on the Proof-of-Stake (PoS) consensus, Tron (TRX) cannot be mined. However, this doesn’t mean you cannot get rewarded with Tron when mining.
Mining a cryptocurrency is a simple matter f using a computer to hash it with the mining pool doing the conversion of the backend to pay you in Tron even though TRX uses the PoS consensus method. For a bit of background, only coins using the Proof-of-Work (PoW) consensus can be mined – however, mining power can be rented to third-parties, and rewards can be paid in other currencies.
So, with a bit of help from middlemen, you can directly mine a mining pool and be paid in Tron (TRX). However, is it advantageous to mine coins and be paid in TRX?
Tron Mining
As mentioned above, you cannot mine the Tron blockchain and get paid in TRX. Still, it is possible to mine Ethash, RandomX, and X16Rv2 algorithms with the Tron Mining pool and be rewarded in TRX for your contribution to the network. To mine those coins and get paid in TRX, you need a computer with at least a great graphics card, if not multiple cards. There is numerous software to help you mine coins, and we’ll use Claymore Miner as an instance in this post.
Using Claymore Miner to Get TRX
One of the mining software available on the market is Claymore Miner. The program is easy to use, delivers reliable operating performance, and is basically a simple plug and play software that does a great job.
The program is available for both Windows and Linux and needs to be installed on your device to be used. The ‘start.dat’ file tells the program which coin and algorithm to mine, what pool to join, and where to send the rewards. If these options are off, Claymore Miner won’t operate as expected, but it will be wasting electricity and generate subpar earnings – that is why it is essential to set up and edit the start.dat file from the get-go.
Tron Mining Pool
A mining pool you can use is Tron Mining; while the fact that there’s only one mining pool initially is seen as a limitation at first, it is a direct way to mine and earn TRX. Other methods do not ask for KYC and might be cheaper, depending on conversion rates.
Tron Mining is simple and easy to use. The developers have expanded the pool to contain 40 non-mineable and mineable crypto coins. The pool offers three different mining algorithms, namely Ethash, RandomX, and X16Rv2.
Ethash is ideal for ASIC miners – to use it, open the Claymore directory, and launch the start.dat file in notepad. Find and replace the line starting with “EthDcrMiner64.exe” in start.dat with this code: “./EthDcrMiner64.exe -epool ethash.tron-mining.com:3333 -ewal YourTRXAddress.YourWorkerName -epsw x -allpools 1”
RandomX is a CPU-based algorithm, with the most popular coins mined via it being Monero (XMR). To mine with RandomX, set up your worker with this configuration: “./xmrig.exe -o rx.tron-mining.com:3333 -a rx -u YourTRXAddress.YourWorkerName”
X16Rv2 is used mostly by Ravencoin (RVN), and it is a FPGA-based algorithm. To use this software to mine, employ the T-Rex program and set up the miner with the following configuration: “./t-rex.exe -o x16rv2.tron-mining.com:3333 -a x16rv2 -u YourTRXAddress.YourWorkerName -p x”
While it may seem like a good idea to operate more than one of these algorithms at once, don’t – your GPU or CPU can only manage one process in an efficient way. Running more than an algorithm will slow down your machine and result in less hash power.
The Bottom Line
If you see that you’re running at a loss, do not panic – that sums up mining. Whether it is advantageous for you to start mining to get Tron depends, but it is best to do your research before you embark on any type of cryptocurrency project. By calculating the risks and returns, you get to see your benefits and downsides of mining for TRX.
No Comment